Colonial Beach Volunteer Fire Department Incorporated (EIN 541032230) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Phone

8042247255

Tax Period

2023-01-01 to 2023-12-31

Colonial Beach Volunteer Fire Department Incorporated, founded in 1990, is a small nonprofit in the Public Safety sector that reported $207K in total revenue in fiscal year 2019. Expenses of $185K left a modest 10% surplus.

Mission

Operating a volunteer fire department responding to fire and other emergencies within the town of Colonial Beach and County of Westmoreland, VA

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $309,383

Program Service Revenue $0

Investment Income $6,808

Other Revenue $31,711

TOTAL REVENUE $347,902

Expense Breakdown

Grants Paid $750

Salaries & Benefits $44,572

Fundraising Expenses $0

Program Expenses $322,642

Other Expenses $277,320

TOTAL EXPENSES $322,642

Year-over-Year Comparison

	2023	2022	Change
Revenue	$347,902	$379,296	-0.1%
Expenses	$322,642	$234,656	+0.4%
Net Income	$25,260	$144,640	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Antwan X Smith	President	2.00	Officer Director	$0	$0	$0
Frances Bowen	Treasurer	5.00	Officer Director	$0	$0	$0
David M Robey	Fire Chief	2.00	Officer Director	$0	$0	$0
Tina Fenwick	Secretary	2.00	Officer Director	$0	$0	$0
William B Sanford SR	Director	2.00	Director	$0	$0	$0
Daniel M Rosario	Director	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$347,902	$322,642	$1,578,846	$25,260
2022	$379,296	$234,656	$1,623,032	$144,640
2021	$264,768	$220,330	$799,181	$44,438
2020	$195,942	$200,742	$800,960	$-4,800
2019	$206,672	$185,482	$852,423	$21,190

Colonial Beach Volunteer Fire Department Incorporated